The Productivity Puzzle

Irving Wladawsky-Berger

Economic growth has two main components, productivity growth and the growth of the labor force. I ncreasing productivity is thus more crucial than ever to promote economic growth. From 1987 to 2004 US labor productivity grew at a 2.1% The Difficulty of Measuring Productivity.

Global Arbitrage and the Productivity Puzzle

Irving Wladawsky-Berger

A couple of weeks ago I wrote about The Productivity Puzzle , - namely that despite our continuing technology advances, the US and other developed economies have experienced a sharp decline in productivity growth over the past 10 to 15 years.

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Disruptive Innovation Revisited

Irving Wladawsky-Berger

The recent New Yorker article, - The Disruption Machine: What the gospel of innovation gets wrong , - by Harvard history professor Jill Lepore , has led to a flurry of opinions on disruptive innovation. The New Yorker described the article as “Rethinking the innovation craze.”

Open Innovation 2.0

Irving Wladawsky-Berger

I recently read Twelve Principles for Open Innovation 2.0 , an article published last year in Nature by Martin Curley. Let me discuss each of these phases of innovation. Closed Innovation. Innovation was increasingly occurring in the marketplace, no just in their labs.

Can IBM Watson Workspace Save Our Productivity?

Luis Suarez

Apparently, our productivity as employees has been plummeting since the mid 70s. Yet, productivity still is very weak and we don’t seem to succeed in figuring out who (or what) is to blame for that. Yes, indeed, you are reading it right, since the mid 70s !

The Science of Innovation

Irving Wladawsky-Berger

Innovation - identified by MIT economist and Nobel laureate Robert Solow as the driver of long-term, sustainable economic growth and prosperity - has been a hallmark of the Massachusetts Institute of Technology since its inception.” The innovation paradigm has changed.

From Mass Production to Mass Individualism

Irving Wladawsky-Berger

All kinds of new products and services, like Airbnb, are now coming to market. Mass production was a defining hallmark of the 20th century industrial economy, bringing high productivity and low costs to a wide variety of offerings, - from household appliances to hotel chains.

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innovation means learning at work

Harold Jarche

“So it is important to understand that there is no one-size-fits-all philosophy in terms of successful innovation. Innovation is continuous. Successful innovators and entrepreneurs all embrace change and the risks that they pose. Innovation and Learning. Innovation

The Complex Nature of Cloud-based Innovation

Irving Wladawsky-Berger

I find it helpful to look at cloud along two key dimensions: as a technology to improve IT productivity, and as a platform for enabling business innovation. Only one company in six viewed cloud as a way of fostering business innovation.

Cloud, Services and the Transformation of Production

Irving Wladawsky-Berger

I’ve been particularly interested on the impact of cloud on services, not surprisingly given my interests in service science , - the application of science, technology and innovation to the world of services. What do we mean by the production of services ?

Market-facing Innovation Labs

Irving Wladawsky-Berger

But, they are being reincarnated in our 21st century information economy as market-facing innovation labs, with significantly different and broader scopes than those of the original industrial economy research labs. Their job was to push the frontiers of knowledge by conducting both basic and applied research, which would hopefully, over time, lead to new commercial technologies and products. M arketing, was another distinct activity in a product ’ s life cycle.

Scale and Complex Systemic Innovation

Irving Wladawsky-Berger

The column addresses a fundamental question that those studying innovation have been wrestling with for years: “Are big companies the best catalysts of innovation, or are small ones better?” The column is based on a recent study - Scale and Innovation in Today’s Economy - by Michael Mandel , chief economic strategist of the Progressive Policy Institute. As a result, there are reasons to believe that scale may be a plus for innovation in today’s economy, not a minus.”

The Blockchain and Open Innovation

Irving Wladawsky-Berger

Transformational innovations don’t always play out as originally envisioned. It can be used to help companies manage the flow of goods and related payments or enable manufacturers to share production logs with OEMs and regulators to reduce product recalls…”.

The 2016 MIT Inclusive Innovation Awards

Irving Wladawsky-Berger

Several months ago, MIT’s Initiative on the Digital Economy launched its first annual Inclusive Innovation Competition (IIC). Let me close by explaining why I feel particularly proud to be associated with the Inclusive Innovation Competition.

The Internet, Blockchain, and the Evolution of Foundational Innovations

Irving Wladawsky-Berger

The concept of disruptive technologies, as defined by Clayton Christensen 20 years ago, has become widely accepted as a way of thinking about innovation-driven growth, but it’s been often misunderstood and misapplied.

Intervention Design: Overcoming Stiff Resistance to a New, Disruptive Innovation

Irving Wladawsky-Berger

With four articles on the subject, HBR ’s overriding message is that design is no longer just for physical products, being increasingly applied to customer experiences, innovation, business strategy, and complex problem solving. .

Disruptive Innovations and Large Companies

Irving Wladawsky-Berger

The subject of my seminar was Managing Technology-based Disruptive Innovations. Given my long career at IBM, as well as my more recent involvement with Citi, it is not surprising that I am particularly interested in entrepreneurship and innovation in large companies. Its lead article defined the term as: “somebody who offers an innovative solution to a (frequently unrecognised) problem. Startups are generally organized around one central innovation.

Innovation as a Journey into the Future

Irving Wladawsky-Berger

I recently read an excellent innovation report, - Strategic Orientations for Innovation: Chile in the 2025 Horizon. He was a Senator then, a position he held from March of 2002 until his appointment to president of the Innovation Council.

Revolutionary, Ordinary Innovation

Irving Wladawsky-Berger

While the Square technology is very cool indeed, Davidoff’s key point is the ordinary nature of the innovation in question. The deal not only has the potential to change the way people pay for coffee and everything else, it also shows how small innovation applied to everyday tasks may be the next new thing for venture capital. Call it the rise of the ordinary innovators. Such major lab-based disruptive technologies are at one end of the innovation spectrum.

The MIT Inclusive Innovation Competition

Irving Wladawsky-Berger

As i ts website explains: “While digital technologies are rapidly transforming both business practices and societies and are integral to the innovation-driven economies of the future, they are also the core driver of the great economic paradox of our time.

Productivity Tips on Presentations: Inform, Inspire and Motivate

Luis Suarez

Yes, I know, another article on the topic of Productivity , although this time around with a slightly different flavour: how can we improve the way we deliver messages through presentations? Shouldn’t we be aiming at addressing that productivity overkill and do something about it?

Disruptive Innovation Revisited

Irving Wladawsky-Berger

Disruptive innovation was first introduced by Harvard Business School professor Clayton Christensen in a 1995 Harvard Business Review (HBR) paper co-written with Joseph Bower. 20 years after its introduction, Christensen has revisited his original concept in What is Disruptive Innovation? ,

Principles for Managing Strategy and Innovation

Irving Wladawsky-Berger

These questions are the subject of MIT Professor Michael Cusumano’s recent book Staying Power: Six Enduring Principles for Managing Strategy and Innovation in an Uncertain World. In fact, steady growth and profitability are likely to encourage firms to become more bureaucratic and less attentive to detail and innovation as they transition to managing a large number of people, more complex products and services, and a bigger scale of operations.

Not all innovation is disruptive

Harold Jarche

Given all the talk about disruptive innovation lately, I thought I’d dust off several posts I have written on the subject and update them. Innovation is the following through part. Non-consumers – lack ability or the wealth for current service / products. Innovation

Transmedia Storytelling and Collaborative Innovation

Irving Wladawsky-Berger

Marketing and communications are essential when introducing a disruptive innovation in the marketplace, given the need to explain what the new initiative is all about to key constituencies including clients, analysts and reporters. Over the years, I have learned that in order to capture the attention of your intended audience and differentiate your offerings from those of competitors, you have to develop a compelling brand for your new products or services.

The 7 roles of company directors in driving successful innovation

Ross Dawson

I have just finished running a two-day program in Phuket for the Malaysian Directors Academy on The Innovation Zone: Unleashing the Mindset. The piece is below, providing a high-level view on the role of company directors in driving innovation. Five domains of innovation.

Enabling Innovation – Book

Harold Jarche

Tweet I had the pleasure of writing an article for the book, Enabling Innovation: Innovative Capability – German and International Views as a follow-up to some work I did with the EU’s International Monitoring Organisation.

Cloud and “Game Changing” Business Innovation

Irving Wladawsky-Berger

Earlier this year, IBM’s Institute for Business Value published a very good report - The Power of Cloud: Driving Business Model Innovation. Recent technology and social connectivity trends have created a perfect storm of opportunity for companies to embrace the power of cloud to optimize, innovate and disrupt business models,” is the study’s overriding conclusion. . What if you could inexpensively and rapidly pursue new customers and markets with new products and services?;

Some Puzzling Questions about Innovation in the Digital Economy

Irving Wladawsky-Berger

This semester I am teaching the innovation half of a course on Entrepreneurship and Innovation at NYU’s new Center for Urban Science and Progress (CUSP). The bulk of the innovations in the industrial economy involved physical objects, physical systems and the physical world around us.

Innovation is not a repeatable process

Harold Jarche

Can innovation be promoted through better processes? I have not been able to find any regular correllation between well adopted innovation processes and actual innovation outcomes, and I’ve been looking pretty hard. This is how we create a culture of innovation.

Embracing Disruptive Innovations: Organizational Challenges

Irving Wladawsky-Berger

I was asked to talk about the organizational challenges that companies generally face when embracing disruptive innovations like those being developed by ID3. Managing a Disruptive Innovation Initiative. There are many reasons why disruptive innovations fail in large companies.

Big-Bang Disruptions: The Innovator’s Dilemma in the Digital Economy

Irving Wladawsky-Berger

It was later expanded into a book, Big Bang Theory: Strategy in the Age of Devastating Innovation published this past January. . The authors’ key premise is that innovation is once more undergoing drastic changes, driven by the exponential advances in digital technologies. Companies are now able to create products that are simultaneously better, cheaper and more appealing than those of competitors. They don’t create dilemmas for innovators; they trigger disasters.”.

Six characteristics supporting excellence in service delivery innovation

Ross Dawson

Last Friday, after delivering the breakfast keynote at CPA Congress in Brisbane (more on that in another post), I ran a half-day workshop at the partner offsite of a national accounting firm network on the theme of Disruption and Innovation in Professional Services. However in professional services probably the most important domain is service delivery, in which extraordinary possibilities for innovation have opened up in the network economy. Continuous innovation.

Innovation Hubs in the Global Digital Economy

Irving Wladawsky-Berger

Last week I wrote about Cloud, Services and the Transformation of Production , based on Part I of Escape from the Commodity Trap: Will the Production Transformation Sustain Productivity, Growth and Jobs? , But, are there other kind of innovation models? Product creation.

Innovation in Higher Education

Irving Wladawsky-Berger

We need to look at higher education through the lens of disruptive innovation, argues a report published last February, - Disrupting College: How Disruptive Innovation Can Deliver Quality and Affordability to Postsecondary Education. Harvard Business School professor Clay Christensen is one of the world's foremost experts in strategy and innovation. In his seminal book, The Innovator’s Dilemma , Professor Christensen articulated his theory of disruptive innovation.

Methods for Facilitating Innovation in Nonprofits

Beth Kanter

The co-facilitator was Amy Hedrick who works in Product and Design Innovation at Intuit. The curriculum was based on their “ Innovating for People ” design methods recipe book and “ taxonomy for innovation.”

User-Led Innovation Can’t Create Breakthroughs

Steve Denning

At Apple, we don’t waste our time asking users, we build our brand through creating great products we believe people will love.”. Equally, they cite IKEA designers who “don’t use user studies or user insights to create their products.

Productivity Tips for the Mobile (Social) Knowledge Web Worker – TweetBot, Pocket, Evernote

Luis Suarez

And since lately I keep traveling quite a bit and spend more time on the road than at my home office, I thought it would be a good time exploring how I can improve my overall knowledge Web worker experience using various social networking / productivity tools while on the road.

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Can Innovation Continue to Drive Long-Term Economic Growth?

Irving Wladawsky-Berger

The article takes a look at what it calls innovation pessimism , - the notion that we are in a long-term period of slow innovation and growth despite our rapidly advancing technologies and hyperconnected economies. Has the ideas machine broken down?

Quip: innovation

Clark Quinn

Optimal execution is only the cost of entry; continual innovation is the necessary competitive differentiator. In a time when competitors can copy your innovation in a matter of months (or less), you can’t just plan, prepare, and execute optimally any longer. You now have to continually innovate in products and services, problem-solve faster, avoid repeating mistakes, and in general learn ( big ‘L’ learning ) faster than your competitors.